AUDUSD, H4 approaching our Pivot point, potential for a rise.
Description
Price is testing our Pivot point of 0.77545, which is in line with our 61.8%, 78.6% Fibonacci retracement and ascending trendline support, where we could see a potential rise from this level to our first resistance level of 0.78233, in line with a fibonacci confluence. It is noteworthy that MACD is above the 0 line, in line with our bullish view.
Pivot: 0.77545
Why we like it:
61.8%, 78.6% Fibonacci retracement and ascending trendline support
1st Support: 0.77545
Why we like it:
61.8%, 127% fibonacci retracement and horizontal swing low support.
1st Resistance: 0.78233
Why we like it:
-27%, 127% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point of 0.77545, which is in line with our 61.8%, 78.6% Fibonacci retracement and ascending trendline support, where we could see a potential rise from this level to our first resistance level of 0.78233, in line with a fibonacci confluence. It is noteworthy that MACD is above the 0 line, in line with our bullish view.
Pivot: 0.77545
Why we like it:
61.8%, 78.6% Fibonacci retracement and ascending trendline support
1st Support: 0.77545
Why we like it:
61.8%, 127% fibonacci retracement and horizontal swing low support.
1st Resistance: 0.78233
Why we like it:
-27%, 127% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.